Muun isn't a "real" LN Wallet.
Muun works by using a lightning service provider that pays LN invoices for users through a smart contract. This is known as a submarine swap. When you make a lightning payment on Muun, the bitcoin is sent on chain to the lightning service provider along with the LN invoice generated by the user. That's why the fees are that high.
If you want it easy go with Wallet of Satoshi. Simple, but it's a hot wallet.
If you want it safe and you have big amounts of Satoshis I would recommend Phoenix Wallet.
It is Non Custody, what means you will get a 12 words seed phrase.
You will have to pay 3000 Sats to open a Channel and I recommend a big amount for the first transaction (for a bigger Channel).
That's why I use Wallet of Satoshi for my "daily" transactions and Phoenix as my "savings account".
Good Luck 😊
monetarygrid / Monetary Grid
npub17h…d88q2
2023-06-27 18:01:44
in reply to nevent1q…aslt
Author Public Key
npub17hf5jqjvnxy0qwv5azvmswfe0nzfjwaykzay23v5wlr6jc3dqwasjd88q2Published at
2023-06-27 18:01:44Event JSON
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"content": "Muun isn't a \"real\" LN Wallet. \n\nMuun works by using a lightning service provider that pays LN invoices for users through a smart contract. This is known as a submarine swap. When you make a lightning payment on Muun, the bitcoin is sent on chain to the lightning service provider along with the LN invoice generated by the user. That's why the fees are that high. \n\nIf you want it easy go with Wallet of Satoshi. Simple, but it's a hot wallet. \n\nIf you want it safe and you have big amounts of Satoshis I would recommend Phoenix Wallet. \nIt is Non Custody, what means you will get a 12 words seed phrase.\nYou will have to pay 3000 Sats to open a Channel and I recommend a big amount for the first transaction (for a bigger Channel). \n\nThat's why I use Wallet of Satoshi for my \"daily\" transactions and Phoenix as my \"savings account\". \n\nGood Luck 😊 \n",
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